Average Rent in Chesapeake, VA

Current Versus Historical Chesapeake, VA Rents

Chesapeake rentals average $1,150 for a 1-bedroom rental to $2,900 for a 4-bedroom rental. The median price of all currently available listings is $2,150, or roughly $1 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $926 (-98.09%) year-over-year from $944 to $18. 1-bedroom rentals prices have decreased by $121 (-10.19%) year-over-year from $1,183 to $1,063. 2-bedroom rentals prices have increased by $200 (13.79%) year-over-year from $1,450 to $1,650. 3-bedroom rentals prices have increased by $327 (16.55%) year-over-year from $1,973 to $2,300. 4-bedroom rentals prices have increased by $147 (5.34%) year-over-year from $2,748 to $2,895. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 96.97% this month. 1-bedroom rents have gone down by 18.92% this month. 2-bedroom rents have gone up by 3.23% this month. 3-bedroom rents have gone up by 7.98% this month. 4-bedroom rents have gone up by 4.14% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$1.29	$1,063	$1,183 (-10.19%)	$1,290 (-17.61%)
2 BR	$1.44	$1,650	$1,450 (13.79%)	$1,274 (29.50%)
3 BR	$1.46	$2,300	$1,973 (16.55%)	$1,565 (46.96%)
4+ BR	$1.32	$2,895	$2,748 (5.34%)	$2,217 (30.60%)

Historical Rents in Chesapeake, VA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Chesapeake

There are a total of 4 cities nearby Chesapeake. The average rent in Chesapeake is currently $1,650 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Portsmouth, VA, with an average rent of $1,473, is the most affordable city nearby. In contrast, the most expensive city near Chesapeake, VA is Virginia Beach, VA. Monthly rents here are on average $2,100 per month.

Let's compare Chesapeake, VA's rent against other top cities nearby by bedroom size. One bedrooms are about 3.37% more expensive. Two bedrooms in Chesapeake, VA are about 21.21% more expensive. Finally, rent for three bedrooms are about 6.79% more expensive. Want more information? Check out the top 4 cities near Chesapeake, VA in the following chart.

City	Studio	1 Bed	2 Bed	All
Portsmouth, VA	N/A	$1,023	$1,300	$1,473
Norfolk, VA	N/A	$1,015	$1,300	$1,500
Newport News, VA	N/A	$1,200	$1,300	$1,800
Virginia Beach, VA	N/A	$1,550	$1,750	$2,100

Top Neighborhoods Near Chesapeake

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Chesapeake

Some of these counties include Portsmouth, VA, Norfolk, VA, and Newport News, VA. The average rent for rentals in these counties is $1,800. That's roughly around $1 per sqft. A total of 5 counties have a lower average rent. The county that is the most affordable is Portsmouth, VA. It's average rent per month is $1,450. Vice versa, with an average rent of $2,150, Chesapeake, VA is the most expensive county by Chesapeake, VA.

In comparison, rent for one bedroom listings in Chesapeake, VA is on par with the other counties nearby. Finally, rent for two bedrooms in Chesapeake, VA is 21.21% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Portsmouth, VA	N/A	$1,023	$1,263	$1,450
Norfolk, VA	N/A	$1,015	$1,300	$1,500
Newport News, VA	N/A	$1,200	$1,300	$1,800
Virginia Beach, VA	N/A	$1,550	$1,750	$2,100
Chesapeake, VA	N/A	$1,150	$1,650	$2,150

Top Zipcodes Near Chesapeake

There are a total of 2 zipcodes in or near Chesapeake, VA. The average rent for all of these zipcodes is $1,663. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 23503, Norfolk, VA at $1,325 per month. In comparison, the zipcode with the most expensive average rent of $2,000 per month is 23451, Virginia Beach, VA.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Chesapeake, VA is $1,308 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,573 per month. Which comes out to $2 per sqft. The following chart includes the top 2 zipcodes in Chesapeake, VA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
23451, Virginia Beach, VA	N/A	$1,600	$1,795	$2,000
23503, Norfolk, VA	N/A	$1,015	$1,350	$1,325

Frequently Asked Questions - Chesapeake Average Rents

What is the average rent price in Chesapeake, VA?

The average monthly rental price for Chesapeake, VA apartments for rent is approximately $2,150. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Chesapeake, VA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Chesapeake, VA.

How much is a studio apartment in Chesapeake, VA?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Chesapeake.

How much is a one bedroom apartment in Chesapeake, VA?

The average monthly rental price for one bedroom apartments is $1,150 and an average price per square feet of $1.29. There are a total of 5 one bedroom apartment listings currently available for rent in Chesapeake.

How much is a two bedroom apartment in Chesapeake, VA?

The average monthly rental price for two bedroom apartments is $1,650 and an average price per square feet of $1.44. There are a total of 17 two bedroom apartment listings currently available for rent in Chesapeake.

How have rent prices in Chesapeake, VA changed this year?

Rent prices for rentals in Chesapeake, VA can fluctuate yearly. Specifically, studio rental prices have changed by -0.98%, one bedroom rental prices have changed by -0.10%, two bedroom rental prices have changed by 0.14%, and three bedroom rental prices have changed by 0.17% year-over-year.

What is a reasonable rent price in Chesapeake, VA?

A reasonable rent price in Chesapeake, VA is around $1,720/month. You can search for these reasonably priced rental listings on RentHop.